ASEAN ECONOMIC COMMUNITY (AEC) BLUEPRINT

Since the Kuala Lumpur Summit in December 1997, the ASEAN Leader has
decided to transform ASEAN into a stable, prosperous and highly
competitive region with equitable economic development poverty and socio
economic disparities (ASEAN Vision 2020). At the Bali Summit in October
2003, ASEAN Leaders declared that the ASEAN Economic Community (AEC)
shall be the goal of regional economic integration (Bali Conrad II) by
2020.

At the ASEAN Economic Ministers Meeting (AEM) held in August 2006 in
Kuala Lumpur, Malaysia, agreed to develop “a single and coherent
blueprint for advancing AEC by identifying the characteristics and
elements of the AEC by 2015 consistent with the Bali Conrad II with
clear targets and timelines of implementation of various measures as
well as pre-agreed flexibilities to accommodate the interest of all
ASEAN member Countries”.

By the 12th ASEAN Summit in January 2007, Leaders affirmed their
strong commitment to accelerate the establishment of an ASEAN Community
by 2015 and to transform ASEAN into a region with free movement of
goods, services, investment, skilled labour and free flow of capital.

AEC envisages the following key characteristics:

a single market and production base

highly competitive economic region

a region of equitable economic development

a region fully integrated into the global economy

Since the Kuala Lumpur Summit in December 1997, the ASEAN Leader has
decided to transform ASEAN into a stable, prosperous and highly
competitive region with equitable economic development poverty and socio
economic disparities (ASEAN Vision 2020). At the Bali Summit in October
2003, ASEAN Leaders declared that the ASEAN Economic Community (AEC)
shall be the goal of regional economic integration (Bali Conrad II) by
2020.

At the ASEAN Economic Ministers Meeting (AEM) held in August 2006 in
Kuala Lumpur, Malaysia, agreed to develop “a single and coherent
blueprint for advancing AEC by identifying the characteristics and
elements of the AEC by 2015 consistent with the Bali Conrad II with
clear targets and timelines of implementation of various measures as
well as pre-agreed flexibilities to accommodate the interest of all
ASEAN member Countries”.

By the 12th ASEAN Summit in January 2007, Leaders affirmed their
strong commitment to accelerate the establishment of an ASEAN Community
by 2015 and to transform ASEAN into a region with free movement of
goods, services, investment, skilled labour and free flow of capital.

AEC envisages the following key characteristics:

a single market and production base

highly competitive economic region

a region of equitable economic development

a region fully integrated into the global economy

Since the Kuala Lumpur Summit in December 1997, the ASEAN Leader has
decided to transform ASEAN into a stable, prosperous and highly
competitive region with equitable economic development poverty and socio
economic disparities (ASEAN Vision 2020). At the Bali Summit in October
2003, ASEAN Leaders declared that the ASEAN Economic Community (AEC)
shall be the goal of regional economic integration (Bali Conrad II) by
2020.

At the ASEAN Economic Ministers Meeting (AEM) held in August 2006 in
Kuala Lumpur, Malaysia, agreed to develop “a single and coherent
blueprint for advancing AEC by identifying the characteristics and
elements of the AEC by 2015 consistent with the Bali Conrad II with
clear targets and timelines of implementation of various measures as
well as pre-agreed flexibilities to accommodate the interest of all
ASEAN member Countries”.

By the 12th ASEAN Summit in January 2007, Leaders affirmed their
strong commitment to accelerate the establishment of an ASEAN Community
by 2015 and to transform ASEAN into a region with free movement of
goods, services, investment, skilled labour and free flow of capital.